ExxonMobil Shares Plummet Tuesday
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crude oil pricesThe Motley Fool
•Why ExxonMobil Stock Is Slipping Today
65% Informative
ExxonMobil shares were down 3.1% as of 11:50 a.m. ET Tuesday , wiping out all of their gains and some from the previous day .
Crude oil prices tumbled Tuesday morning after OPEC cut its global oil demand forecast for 2024 .
OPEC also revised its forecast for oil demand for 2025 .
ExxonMobil has reportedly pulled out of a race to buy a stake in a promising oil discovery in Namibia .
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